Sen. Hoeven Votes for CRA Resolution to Stop Biden Administration CFPB Rule
October 19, 2023
October 19, 2023
WASHINGTON, Oct. 19 -- Sen. John Hoeven, R-North Dakota, issued the following news release on Oct. 18, 2023:
Senator John Hoeven today voted to strike down the Biden administration's Consumer Financial Protection Bureau (CFPB) Small Business Lending Data Collection Rule. The CFPB rule imposes burdensome data collection requirements on covered financial institutions, which are particularly costly for smaller lenders, while making the data public, potentially risking the privacy of sm . . .
Senator John Hoeven today voted to strike down the Biden administration's Consumer Financial Protection Bureau (CFPB) Small Business Lending Data Collection Rule. The CFPB rule imposes burdensome data collection requirements on covered financial institutions, which are particularly costly for smaller lenders, while making the data public, potentially risking the privacy of sm . . .